You're not even close. They can listen, agree, disagree, or cast stones. It's unfortunate many that choose to disagree chose the last of the three when they respond. But whatever, it is ET.
Here's an excellent example of "Price TA".. support/resistance
- Thread starter Scataphagos
- Start date
LOL. This is the first one where someone is concerned that if I keep posting and everybody catches on... it will ruin it and make it stop working. Not much chance of that.
"Why is the obvious not so obvious"
The doubters don't have much money. It's the huge predators I'm anticipating......
I thoiught the opposite.
The more people looking for Support and Resistance or Trendlines, the better they are likely to work. Thus the more Threads Scat starts, the better off everyone is.
Well, I'm not preaching anything novel. "Buy Support, Sell Resistance, Chase Breakouts" should be in any book on TA... Chapter 1, even.
YES! Support/Resistance levels are partly reinforced by other players seeing and trading them... "monkey see, monkey do".
So... if THEY are doing that, so should we!
yea i don't know about that.
of all the traders I have talked to...the ones with the least amount of lines and indicators had the largest net worth. An inverse correlation it seems.
The flip side is you can't run an engine without fuel, not matter how good its compression is.
Do you really thing the brains behind the buy programs fueling these patterns are going to just let a bunch of retail traderz take their money?